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Librarian Capital
"By far the best book on investing ever written", according to Warren Buffett; and certainly by far the best book for someone starting to invest
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"By far the best book on investing ever written", according to Warren Buffett; and certainly by far the best book for someone starting to invest
One month to B Day!
On October 22, the newly revised edition of Benjamin Graham's masterpiece will publish. His original text is intact, with all-new commentaries putting each chapter in context for today's investors. https://t.co/oKzzLfnICE tweet
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Investing visuals
Adobe $ADBE is a heavyweight in the software-as-a service (SaaS) space, leading the charge in creative and digital solutions.
Here’s a quick snapshot of the company👇🔍 https://t.co/6dhnHomIAG
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Adobe $ADBE is a heavyweight in the software-as-a service (SaaS) space, leading the charge in creative and digital solutions.
Here’s a quick snapshot of the company👇🔍 https://t.co/6dhnHomIAG
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Librarian Capital
"Fed’s high-rates era handed $1tn windfall to US banks" (FT)
This is subjective. Taking $JPM ROTCE as example, 2021 was all-time record and this was before hikes
ROTCE ex. one-offs:
2021: 23% reported, 18.5% ex. reserve releases
2023: 21% reported, 19% ex. First Republic gains https://t.co/pGe2QGlfB0
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"Fed’s high-rates era handed $1tn windfall to US banks" (FT)
This is subjective. Taking $JPM ROTCE as example, 2021 was all-time record and this was before hikes
ROTCE ex. one-offs:
2021: 23% reported, 18.5% ex. reserve releases
2023: 21% reported, 19% ex. First Republic gains https://t.co/pGe2QGlfB0
Fed’s high-rates era handed $1tn windfall to US banks https://t.co/n5f8B9oeML tweet
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Stock Analysis Compilation
Saltlight Capital on Brookfield $BN US
Brookfield is positioning itself as a key player in the critical global energy expansion needed for AI and net-zero goals, presenting a powerful long-term investment opportunity
(Extract from their Q2 letter) https://t.co/lZjWHhJlDk
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Saltlight Capital on Brookfield $BN US
Brookfield is positioning itself as a key player in the critical global energy expansion needed for AI and net-zero goals, presenting a powerful long-term investment opportunity
(Extract from their Q2 letter) https://t.co/lZjWHhJlDk
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Librarian Capital
"British American Tobacco: Fun While It Lasted? Looking Beyond Rally" $BATS $BTI
Shares have fallen back after a multi-month rally, and structural concerns may be returning in H2
cc: $MO $PM $IMB
https://t.co/axUW3tph51 https://t.co/nvliEMCCwf
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"British American Tobacco: Fun While It Lasted? Looking Beyond Rally" $BATS $BTI
Shares have fallen back after a multi-month rally, and structural concerns may be returning in H2
cc: $MO $PM $IMB
https://t.co/axUW3tph51 https://t.co/nvliEMCCwf
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Stock Analysis Compilation
Azagala Capital on Westaim Corp $WED CN
With strong cash reserves and undervalued assets like Arena, Westaim offers a low-risk investment with significant upside potential over the next two years
(Extract from their Q2 letter) https://t.co/7S5jhOBjeB
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Azagala Capital on Westaim Corp $WED CN
With strong cash reserves and undervalued assets like Arena, Westaim offers a low-risk investment with significant upside potential over the next two years
(Extract from their Q2 letter) https://t.co/7S5jhOBjeB
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Librarian Capital
Microsoft and Altria both saw FCF/share grew by ~140% between FY13 and FY23 (different FY)
This doesn't mean $MSFT vastly outpaced $MO just because of "valuation"
FCF/share is a bad metric when there's a lot of growth CapEx, because this is also subtracted
MSFT Non-GAAP EPS grew ~275% in FY13-23
Far better than MO's +108%
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Microsoft and Altria both saw FCF/share grew by ~140% between FY13 and FY23 (different FY)
This doesn't mean $MSFT vastly outpaced $MO just because of "valuation"
FCF/share is a bad metric when there's a lot of growth CapEx, because this is also subtracted
MSFT Non-GAAP EPS grew ~275% in FY13-23
Far better than MO's +108%
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Stock Analysis Compilation
VGI Partners on Amazon $AMZN US
Amazon’s dual focus on AWS’s AI-driven growth and retail margin expansion positions it for significant upside as its core businesses accelerate
(Extract from their Q2 letter) https://t.co/YMwOXkgGfH
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VGI Partners on Amazon $AMZN US
Amazon’s dual focus on AWS’s AI-driven growth and retail margin expansion positions it for significant upside as its core businesses accelerate
(Extract from their Q2 letter) https://t.co/YMwOXkgGfH
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